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Nov 2, 2012
11/12
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the road to recovery from sandy a little bit bumpy. power is slowly returning for some, but other areas could be dark for at least another week. and the gas lines, if you're not in the area, you have noed idea what this can really be like. and as the map world turns, apple stores around the country will start to sell the new ipad mini. it's friday, november 2 pd. we have four days now until election day, 2012. "squawk box" begins right now.. we have four days now until election day, 2012. "squawk box" begins right now. >>> good morning. welcome to "squawk box" here on cnbc. i' b
the road to recovery from sandy a little bit bumpy. power is slowly returning for some, but other areas could be dark for at least another week. and the gas lines, if you're not in the area, you have noed idea what this can really be like. and as the map world turns, apple stores around the country will start to sell the new ipad mini. it's friday, november 2 pd. we have four days now until election day, 2012. "squawk box" begins right now.. we have four days now until election day,...
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Dec 7, 2012
12/12
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hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6 to a mere 0.4%. it's warned of an imminent recession as problems in europe periphery weigh. futures at the moment forecasts a soft start. down 15 at the moment on the dow, nasdaq currently called down 3.8, and s&p 500 around 1.5 points. european stocks are flat really. forgave points for the ftse, xetra dax is up though at it highest level since 2008. up nearly 28% this year. flat on the cac, ibex down two thirds. but hurricane sandy is expected to have put a pretty big accident in the november u.s. jobs report. it's out at 8:30 eastern. nonfarm p
hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6...
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Jan 14, 2014
01/14
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there's a new investigation, this one about the governor's appearing in a tv ad for sandy relief. eamon javers joins us to explore the details. >> it's been a very tough couple of days for governor chris christie in new jersey following up on revelations in a document dump on friday night. the drip, drip, drip continues as you say now some democratic politicians in new jersey now questioning whether or not they have been subjected to a pattern of retribution by the governor as well, and also now we have an audit that's being done by officials here in washington at hud as to just how the state of new jersey under christie's leadership spent money on a television ad after hurricane sandy designed to spur tourism. go back to the jersey shore. but the television ad featured chris christie prominently, also members of his family. now there are some questions about whether the state appropriately spent money on that. all of this very tough politically for chris christie, but when you look at the poll numbers at least so far, he seems to be holding up. take a look at this latest poll num
there's a new investigation, this one about the governor's appearing in a tv ad for sandy relief. eamon javers joins us to explore the details. >> it's been a very tough couple of days for governor chris christie in new jersey following up on revelations in a document dump on friday night. the drip, drip, drip continues as you say now some democratic politicians in new jersey now questioning whether or not they have been subjected to a pattern of retribution by the governor as well, and...
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Nov 12, 2012
11/12
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sandy is has estimated to have cost more than $50 billion in damage. president obama is expected to view the recovery efforts on thursday. lk ahead martin's incoming ceo has resigned after he had a close personal relationship with a subordinate. he will now be replaced by huson who will take on the role of acting president and coo. all three major defense contractors have women at the helm. lockheed martin stock flat. >>> and aeg is teaming up with stub hub. aeg is the owner of more than 100 venues worldwide including the staple center los angeles. starting next year, customers shopping for tickets on the service will be able to buy or sell them through stub hub, and online ticket resaler. stub hub charges commissions on each sale and the stock in frankfurt down around a third of a percent. >>> and president obama will be doing a lot of talking about the increase this week. he plans to meet with labor and progressive political leaders tomorrow, business executives on which is and civic leaderses on friday. that's also the day the frommed is scheduled t
sandy is has estimated to have cost more than $50 billion in damage. president obama is expected to view the recovery efforts on thursday. lk ahead martin's incoming ceo has resigned after he had a close personal relationship with a subordinate. he will now be replaced by huson who will take on the role of acting president and coo. all three major defense contractors have women at the helm. lockheed martin stock flat. >>> and aeg is teaming up with stub hub. aeg is the owner of more...
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Nov 13, 2012
11/12
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>> no, the mail was a little slow due to sandy. >> serious l the banks are not invited. is this a concern that one key part of the economy is not involved in the conversation? >> i think it's fundamental. without money, you can't create jobs. the single best source of money is banking. so even though the other corporations that are there need to spend money, they need to get money from the very places such as the new york stock exchange, such as the banks that are not being invited to this meeting. so without the banks, i think we misan important ingredient as to what needs to be done so as to create more viability in the period ahead. >> we all want to rise above it and get on board and get the economy back on track. i just worry that it's going to be two sides digging in again and lotsds of divisiveness and finger pointing. are we going to get back on track and get over this, you know, us versus them mentality? >> i think for the next four years the battle will continue. >> you do? >> however, i believe we'll settle the cliff issue just close enough to the actual date
>> no, the mail was a little slow due to sandy. >> serious l the banks are not invited. is this a concern that one key part of the economy is not involved in the conversation? >> i think it's fundamental. without money, you can't create jobs. the single best source of money is banking. so even though the other corporations that are there need to spend money, they need to get money from the very places such as the new york stock exchange, such as the banks that are not being...
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Nov 30, 2012
11/12
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on october 31st. >> that goes back to blame the sandy. we know we'll see a lot more of that. super value is a great story. all you have to do is look at the sales decline of this company. you wonder what the buyers are really looking at here when they look at the debt, combined with the sales and earnings decline, it is so enormous, just go look at a chart of it and you'll wonder what these guys are seeing. >> i remember a number of years ago before i joined cnbc, i was at another network and i went po minneapolis and met with the then-ceo of super value right after they did this deal. because they were a distributor and a wholesaler. then they bought cub foods and they got more into the retail game, changed their game, spending a lot, borrowing a lot, their debt rating was junk. he seemed very confident. he's gone now. >> i wonder how it lost its way in such a grand way. new until you see the numbers you don't realize how bad it is. >> do you think there's another lesson here because super value should be perceived as a "safe" company gi
on october 31st. >> that goes back to blame the sandy. we know we'll see a lot more of that. super value is a great story. all you have to do is look at the sales decline of this company. you wonder what the buyers are really looking at here when they look at the debt, combined with the sales and earnings decline, it is so enormous, just go look at a chart of it and you'll wonder what these guys are seeing. >> i remember a number of years ago before i joined cnbc, i was at another...
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May 24, 2013
05/13
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." >>> the jersey shore, devastated by superstorm sandy. up next, we're going to take you there life to see how the state has recovered as the all-important summer tourism season kicks off. unfortunately, though, very bad weather this weekend. s to generate income? with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ female announcer ] there's one thing dave's always wanted to do when he retires -- keep working, but for himself. so as his financial advisor, i took a look at everything he has. the 401(k). insurance policies. even money he's invested elsewhere. we're building a retirement plan to help him launch a second career. dave's
." >>> the jersey shore, devastated by superstorm sandy. up next, we're going to take you there life to see how the state has recovered as the all-important summer tourism season kicks off. unfortunately, though, very bad weather this weekend. s to generate income? with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l...
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Dec 7, 2012
12/12
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now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation rate, down 0.2 to 63.6%. how did we get to 7.7% unemployment? basically the number of unemployed persons dropped more than the number of employed and there were downward trends in both those categories. lots to chew on. back to you guys. >> hampton, thank you. we are kind of scratching our heads. let's get more reaction from our panel. mark zandi and jared bernstein are here with us. mark, what do you make of this number? we've set this up as numbers were not going to be things we watched closely because of sandy. >> i'd say two things
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation...
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Dec 3, 2012
12/12
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how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that are on average 11.1 years of age that are really driving car sales. in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. th
how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that...
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Jun 23, 2017
06/17
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. >> i was going to ask about tech, sandy, which you're focused on as an investor. technology was in the leadership position it is again today. where are you looking and are you worried about -- as the best performing sector so far this year >> you yeah, i think technology is going to continue to lead it's amazing when you look at just the paradigm shift about a trillion dollars that's going from active management to passive management look at the s&p 500, the top four stocks apple and microsoft and facebook and amazon are about 10% of the entire s&p 500. so everyone that puts a dollar in the s&p index are putting about 10 cents into that alone i don't think people are going to start losing money quite yet. >> what do you accept the trading is going to be like for the currency and interest rate markets? >> you know, i think we're going to be toying with some of the low marks of the year. right now two babase points off its close of the year. we do have the gdp hovering around 2.9%. and that's come down a lot, but that's the way it is i do expect balancing out fist a
. >> i was going to ask about tech, sandy, which you're focused on as an investor. technology was in the leadership position it is again today. where are you looking and are you worried about -- as the best performing sector so far this year >> you yeah, i think technology is going to continue to lead it's amazing when you look at just the paradigm shift about a trillion dollars that's going from active management to passive management look at the s&p 500, the top four stocks...
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Nov 5, 2012
11/12
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sandy, what about you? you say regardless of who wins the election, the fiscal cliff would be either downsized or deferred. what does that mean? >> well, i think downsizing is more likely. have you to factor in the hurricane as well because that's going to be a half a percentage point decline as well, coupled with, you need to get that fiscal cliff down to 1% or maybe 0.5%. i think the downsizing has to be pretty substantial. they're either going to have to defer it to the new congress and either a new administration or the existing one, but they've got to get it downsized pretty substantially pretty quickly. and it's going to require, because of that gridlock we're going to have again, a bipartisan concurrence. that's going to be the test in 2013. >> chris, what do you think? how do you want to invest with $1.5 billion under management, how are you allocating money today? >> i think you want to be neutral. i think you want to leave your bets at the doorstep and to take win side of the other is gambling and
sandy, what about you? you say regardless of who wins the election, the fiscal cliff would be either downsized or deferred. what does that mean? >> well, i think downsizing is more likely. have you to factor in the hurricane as well because that's going to be a half a percentage point decline as well, coupled with, you need to get that fiscal cliff down to 1% or maybe 0.5%. i think the downsizing has to be pretty substantial. they're either going to have to defer it to the new congress...
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Nov 1, 2012
11/12
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i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is indicative of what the next couple of months will bring. having said that, sandy will produce jobs. the question is will sandy produce more jobs than president obama did over the course of the last few years. and as far as the numbers, let's keep this in mind. i'm
i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was...
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Feb 6, 2012
02/12
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and sandy lincoln with bml asset management. welcome to "power lunch," gentlemen. nice to see you again. >> thank you. >> david, i'm going to start with you. you were bullish early and paid the price for that when we had a lot of volatility. as we've noted you've now moved up to a gain of 16% year over year. are you satisfied where you are? >> i like to look at this as risk. if you put opportunity on and there is opportunity out there and it continues to be out there. the risk aversion that took place to what was going on in europe and greece moved lots of money into bonds. and, you know, basically bonds are probably overvalued and people are paying too high of a price to feel safe. and valuations both in the united states, emerging markets, small cap, large cap around the world are just extreme. and due to that psychological difference in income and businesses are, you have to put opportunity on here. >> sandy, i noticed from my notes that you think the headwinds have lightened a little bit and perhaps a little willing to stretch a little bit for yield and risk. >
and sandy lincoln with bml asset management. welcome to "power lunch," gentlemen. nice to see you again. >> thank you. >> david, i'm going to start with you. you were bullish early and paid the price for that when we had a lot of volatility. as we've noted you've now moved up to a gain of 16% year over year. are you satisfied where you are? >> i like to look at this as risk. if you put opportunity on and there is opportunity out there and it continues to be out...
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Oct 31, 2012
10/12
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sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to business, and the pivotal election is just days away. tonight, cnbc assesses the damage and looks ahead to rebuilding. sandy, road to recovery, a special edition of "the kudlow report." >>> here's what we know two days after the killer storm called sandy hit the northeast. u.s. death toll is now at least 64. a second new york city hospital, bellevue, has been evacuated because of power and flooding issues. >> lower manhattan still a crippled zone. the markets were able to open today, but there's still flooding damage down there and also very dark streets. >> so in the metropolitan area, the recovery is a struggle. the availability of electricity to run the traffic lights, pump the gasoline, is now prime need. 6.1 million utility customers are still without power. individuals and businesses alike. >> public transportation slowly coming back online. some
sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to business, and the pivotal election is just days away. tonight, cnbc assesses the damage and looks ahead to rebuilding. sandy, road to recovery, a special edition of "the kudlow report." >>> here's what we know two days after...
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Nov 15, 2012
11/12
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we've also seen some problems along the east coast after sandy. there are a lot of issues along the supply chain that really need to be corrected perhaps before we get to these projections, even if we're able to produce as much oil as the international energy agency is saying, will we have the infrastructure to support it at that time before 2020? >> you're mentioning an important point here. infrastructure is needed. with our experience when you start to produce infrastructure will follow, so it's either we are investing as oil companies or we're asking oil companies to invest in the mid stream and to the downstream which is pipelines and terminals, refineries et cetera. i think these will come. clearly the company needs more infrastructure, like light oil or oil shale gas is not in the normal centers like we used to have at the gulf coast, et cetera, so therefore investments in pipelines, gas facilities and therefore also refineries will be very important but normally when the natural resources are there, the investments are coming. let me also
we've also seen some problems along the east coast after sandy. there are a lot of issues along the supply chain that really need to be corrected perhaps before we get to these projections, even if we're able to produce as much oil as the international energy agency is saying, will we have the infrastructure to support it at that time before 2020? >> you're mentioning an important point here. infrastructure is needed. with our experience when you start to produce infrastructure will...
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Oct 31, 2012
10/12
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and the politics of sandy. why government coming to the aid of those hit by the storm is now a rallying cry for bigger, more expensive government. that big debate and a lot more still ahead on "the closing bell." oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. >>> welcome back. we want to show you some shots of new jersey, one of the hardest hit states as a result of hurricane sandy. president obama in new jersey with governor chris christie touring some of the hardest hit areas of the state. is this brigantine, nng? this is certainly new jersey
and the politics of sandy. why government coming to the aid of those hit by the storm is now a rallying cry for bigger, more expensive government. that big debate and a lot more still ahead on "the closing bell." oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on...
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Nov 19, 2012
11/12
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forget about sandy. they've been waiting to signs to see ramp up before they bring in new production facilities. they would like to see housing starts above 1 million before they ramp up production. they are 870,000. we'll get that this week. that will be important to see how numbers are. by the way, i don't expect to see huge impact from housing starts from hurricane sandy this month because they collect data in the first two weeks of october. it's not through the end of october. you'll see it in the november numbers certainly a lot more. that's the important thing. guys, back to you. >> if they had boots on the ground they would know there's not enough supplies. they are still tearing down. when they have to build up, they have to get rid of mold. you'll see remarkable numbers in wall board. i want to be long usg. let's shift bonds in the dollar. go ahead, rick santelli. >> thank you very much, jim. no supply this week although we do have ten-year tips on wednesday. if you look at a two-day chart you c
forget about sandy. they've been waiting to signs to see ramp up before they bring in new production facilities. they would like to see housing starts above 1 million before they ramp up production. they are 870,000. we'll get that this week. that will be important to see how numbers are. by the way, i don't expect to see huge impact from housing starts from hurricane sandy this month because they collect data in the first two weeks of october. it's not through the end of october. you'll see it...
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Nov 1, 2012
11/12
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that's largely because of sandy. that's taking out about 300 to 400,000 because of the sales pace would be that much higher if we had not seen sandy the last three days of the month. again, the october sales rate coming in at 14.2 million. maria, back to you. >> all right, phil. thank you so much. good luck finding gasoline if you live in areas hard hit by sandy. we'll show you a very long line at a gas station in new jersey next and talk about how long gasmageddon could last. later, how will tomorrow's key jobs report move your money tomorrow? stick around. back in a moment. ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and lo
that's largely because of sandy. that's taking out about 300 to 400,000 because of the sales pace would be that much higher if we had not seen sandy the last three days of the month. again, the october sales rate coming in at 14.2 million. maria, back to you. >> all right, phil. thank you so much. good luck finding gasoline if you live in areas hard hit by sandy. we'll show you a very long line at a gas station in new jersey next and talk about how long gasmageddon could last. later, how...
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Nov 1, 2012
11/12
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hit by sandy. we'll discuss the outlook for prices with a guest who says shortages will continue for several days in the hardest hit areas. >>> plenty of focus on energy today. weaker prices taking their toll on shell. posting a 15% drop in its third quarter profit following a fall in prices. result below analyst expectations. if x. on mobile expected to report a fall in its profit today. revenues expected to contract by around 9:00. 9%. and from the energy companies to the gas pumps. >> shortage caused by hurricane sandy is causing lines in some cases miles long. joining us for monday is jonathan citron. thanks for calling in. you follow energy markets quite a bit. how long and how likely are the shortages to persist? >> i think we'll see the shortage persist for a short period of time. they're doing all they can to alleviate not only the damage, but it's all about getting the power back on. we need to get the glass to the pumps and the pumps working. so i think it's a matter of days rather than t
hit by sandy. we'll discuss the outlook for prices with a guest who says shortages will continue for several days in the hardest hit areas. >>> plenty of focus on energy today. weaker prices taking their toll on shell. posting a 15% drop in its third quarter profit following a fall in prices. result below analyst expectations. if x. on mobile expected to report a fall in its profit today. revenues expected to contract by around 9:00. 9%. and from the energy companies to the gas pumps....
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Nov 5, 2012
11/12
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auto sales slowed in october partly affected by sandy. ford rose .4% and chrysler rising 10% and toyota up 16%, all below expectations. and if you're one of the people who lined up for the star wars movies the first time around, you'll like this. the force may be with disney. the company is acquiring lucas films from george lucas for $4 billion. it has plans to make another 7th chapter in the series by 2015. there is so much to talk about this week from the final days before the presidential election to the economic impact of superstorm sandy. joining me now are two former presidential advisers, austan goolsbee, profess of at the booth school of business and former adviser to president obama and ed lazear, former adviser to george w. bush. thank you for joining us. >> nice to be with you. >> great to see you both. let's start with the jobs numbers on friday. the last jobs report before the election. what do they tell us about america's economy today and what impact do you expect it to have on the election. austan? >> i don't think it will
auto sales slowed in october partly affected by sandy. ford rose .4% and chrysler rising 10% and toyota up 16%, all below expectations. and if you're one of the people who lined up for the star wars movies the first time around, you'll like this. the force may be with disney. the company is acquiring lucas films from george lucas for $4 billion. it has plans to make another 7th chapter in the series by 2015. there is so much to talk about this week from the final days before the presidential...
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Oct 30, 2012
10/12
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nigel writes is sandy a boy or a girl? >> girl. hurricanes are girls. good i was noting the other day famous sandy names and i was thinking of grease. >> absolutely. that's all i could come up with, as well. unfortunately, it's also alexander in scottish varieties. >> but this is the traditional way it goes. even if they're downgraded to storms, they are a girl. >> katrina, irene, other girls. >> never had patricia. >> you work through the alphabet. >> also nigel saying the crane has come down, which shows you the amount of destruction. >> if the best story we can get there new york is a crane that was dangling from, what, 50 odd floors up from yesterday when it was damaged, then actually the level of destruction is not that great. >> but we do of course have a high casualty list and also quite a number of people have died, too. so let's remember that it has been destructive in some parts. of course 30 people lost their lives in the storm. still to come, politics takes a breather over in the u.s. acai clone sandy makes its way across the east coast, but
nigel writes is sandy a boy or a girl? >> girl. hurricanes are girls. good i was noting the other day famous sandy names and i was thinking of grease. >> absolutely. that's all i could come up with, as well. unfortunately, it's also alexander in scottish varieties. >> but this is the traditional way it goes. even if they're downgraded to storms, they are a girl. >> katrina, irene, other girls. >> never had patricia. >> you work through the alphabet. >>...
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Oct 31, 2012
10/12
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. >> super storm sandy leaves a massive path of destruction in its wake. now residents belong a long and costly recovery process. >> the u.s. markets are set to reopen after being closed the last few days. the new york mass transit system is still shut down. >>> new sthats now expect profit growth to hit the slowest since lifting. >>> welcome to today's show. the good news is financial markets start trading again. >> well, good news or it depends on how they open. certainly there's people with pent up demand. >> i think whatever happens, the fact that we're back up and trading is a good thing. >> the interesting question is why. but why couldn't the new york stock exchange have gone with its electronic trading systems. will this serve as a catalyst to maybe pursue that route the next time with more confidence. >> it's a day of cleanup. >> yes, it is. millions of people in the northeastern u.s. will spend days or weeks to recover from sandy, which is being blamed for at least 46 deaths. at its peak, more than 8.5 million homes and businesses were without po
. >> super storm sandy leaves a massive path of destruction in its wake. now residents belong a long and costly recovery process. >> the u.s. markets are set to reopen after being closed the last few days. the new york mass transit system is still shut down. >>> new sthats now expect profit growth to hit the slowest since lifting. >>> welcome to today's show. the good news is financial markets start trading again. >> well, good news or it depends on how they...
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Oct 29, 2012
10/12
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hurricane sandy. >>> scott, thank you very much. we continue our breaking news coverage. hurricane sandy lashing out at the east coast of the united states. streets are flooding. that's the least of it. beaches eroding. this is the real deal, sue. >> indeed it is, ty. i'm sue herera. welcome to "power lunch." we have reporters and live cameras spanned out from washington, d.c. all the way up to new england. but we're going to start with meteorologist todd gross for an update. >> it is still looking grim. basically the two important things to note about this storm are number one, it is transitioning right now in to an extra tropical storm. non-hurricane. it's doing so with a very deep central pressure. you see that 943 mb? that means it is 943 millibars. sounds technical? it means it is a really deep storm, even for a hurricane, and it is transitioning into a non-hurricane, and yet maintaining its strength. that's one important factor. the other important factor is take a look at the bends that this st
hurricane sandy. >>> scott, thank you very much. we continue our breaking news coverage. hurricane sandy lashing out at the east coast of the united states. streets are flooding. that's the least of it. beaches eroding. this is the real deal, sue. >> indeed it is, ty. i'm sue herera. welcome to "power lunch." we have reporters and live cameras spanned out from washington, d.c. all the way up to new england. but we're going to start with meteorologist todd gross for an...
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Nov 29, 2012
11/12
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the question is, though, is it all sandy related? let's bring in herb greenberg and jan nippon. jan, it is so easy to blame the weather but in this case, is it justified? >> well, the weather was a problem and the long calendar is a problem. i think the weather was less of a story than the long calendar. when you put two extra selling days in front of christmas in december, it has to come out of somewhere. it will come out of early december, but if only one-third of it even comes out of november, it's about a 400 basis point hit to sales. so i think most of what we're seeing here is early november had two warm of weather in one-third of the country, a great hurricane in one-quarter of the country and the consumer said i got plenty of time, i don't have to really go out and spend so we had a really slow front end of the month. we'll get a lot of that back in december. i'm still predicting a great christmas. >> we have two themes on this show -- panic now or everything's fine. which one is it for retail? >> everything's fine. >> it's a "rise above" pin. >> do these drops in the sh
the question is, though, is it all sandy related? let's bring in herb greenberg and jan nippon. jan, it is so easy to blame the weather but in this case, is it justified? >> well, the weather was a problem and the long calendar is a problem. i think the weather was less of a story than the long calendar. when you put two extra selling days in front of christmas in december, it has to come out of somewhere. it will come out of early december, but if only one-third of it even comes out of...
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Nov 6, 2012
11/12
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plus, the latest on sandy's recovery and the coming storm and all the stock news you need to know. yes, mandy there is stock news today. >> indeed there is. well, let's get to the markets, the dow is on track for a second day in the sun today and if the dow's gain exceeds 136 points at the close it is doing that right now, by the way, it will be the dow's biggest point gain since september 13th. as for the s & p 500 now up for the fourth time in five day none of the major averages have had winning streaks as long as three days in about three weeks. by the way, the s & p 500 rallied 67% since president obama took office. take a look at the nasdaq, also higher, on the last election day, november 4, 2008 you can the nasdaq gaped 3.1%. the dow, 3.3% and the s & p, 4.1%. get down to bob pisani you the floor of the new york stock exchange. bob what are the markets telling us about what is happening with the election? >> i see a classic risk-on trade that doesn't necessarily favor either candidate but some resolution of all of this. what do you see in a risk-on trade, what we are seeing t
plus, the latest on sandy's recovery and the coming storm and all the stock news you need to know. yes, mandy there is stock news today. >> indeed there is. well, let's get to the markets, the dow is on track for a second day in the sun today and if the dow's gain exceeds 136 points at the close it is doing that right now, by the way, it will be the dow's biggest point gain since september 13th. as for the s & p 500 now up for the fourth time in five day none of the major averages...
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Oct 31, 2012
10/12
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later today when they open up is a reaction to super storm sandy. new york being fairly hard hit with a lot of water flooding to the subways and also power outages, particularly the lower part of manhattan. we're looking for a slight increase for futures now. you can see a bit of green. we're going to leave you with a look at some of the images the last 48 hours. >> mother nature. >> i want you to cut through the red tape. i want you to cut through bureaucracy. there's no excuse for inaction at this point. >> describe it as looking like the pictures we've seen at the end of world war ii is not overstating it. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard s
later today when they open up is a reaction to super storm sandy. new york being fairly hard hit with a lot of water flooding to the subways and also power outages, particularly the lower part of manhattan. we're looking for a slight increase for futures now. you can see a bit of green. we're going to leave you with a look at some of the images the last 48 hours. >> mother nature. >> i want you to cut through the red tape. i want you to cut through bureaucracy. there's no excuse for...
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Oct 29, 2012
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i think the story is sandy. i don't think it's the two candidates for the next two or three days. >> certainly, john harwood, the story now is about getting people safe and saving lives and making sure everybody is out of harm's way and if devastation is enough and people are still out of power next tuesday, that could be a real problem come election day. >> absolutely it could. i've never seen an election day actually disrupted in a way that seems possible in this instance. so, you know, we'll have to wait and see how extensive and long lasting the power outages are. you know, to the extent that they are on some east coast states where, you know, president obama has had a substantial lead, you could see that it may not affect the outcome in some of those states, but, on the other hand, if you're talking about florida, talking about virginia, these are highly competitive states, and we can't predict how it's going to affect it. >> thanks, guys. talk to you later. we've been looking at that video of the capitol b
i think the story is sandy. i don't think it's the two candidates for the next two or three days. >> certainly, john harwood, the story now is about getting people safe and saving lives and making sure everybody is out of harm's way and if devastation is enough and people are still out of power next tuesday, that could be a real problem come election day. >> absolutely it could. i've never seen an election day actually disrupted in a way that seems possible in this instance. so, you...
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Oct 31, 2012
10/12
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cramer has a fresh look at people rebuild after hurricane sandy. he lays the foundation for restoration hardware coming up on "mad money." ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. >>> even when the stock markets close because of bad weather and wall street under three feet of water, i'm out here trying to make us some money. lately it has become harder. my stocks keep running the gauntlet of europe and china. then still deliver terrific results. that's why we're always on the hunt for comp
cramer has a fresh look at people rebuild after hurricane sandy. he lays the foundation for restoration hardware coming up on "mad money." ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save...
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Jan 22, 2013
01/13
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we had something from sandy in the numbers. the overall numbers ended up being pretty much where we expected them to be. wireless margins were a little bit lighter than expected. but they added more smart phones than we forecast. you trade those off and they came in roughly in line. when you include the impact of sandy, they were pretty much in line with expectations. >> this is a situation where it's more iphones than you expected is that good news or bad news? >> in the longer-term, higher smart phone rates are good news because they drive higher roi customers tend to be stickier. there's higher up front costs associated with them. looks like mainly in the quarter the number of customers switching to become smart phone customers wasn't just existing smart phone customers upgraded more rapidly. it's existing nonsmart phone customers moved to smart phones. >> maybe that's good news. right now the stock is trading down 2%. would you recommend people buy it as a result? >> equal weight on the stock. i think there's some upside to
we had something from sandy in the numbers. the overall numbers ended up being pretty much where we expected them to be. wireless margins were a little bit lighter than expected. but they added more smart phones than we forecast. you trade those off and they came in roughly in line. when you include the impact of sandy, they were pretty much in line with expectations. >> this is a situation where it's more iphones than you expected is that good news or bad news? >> in the...
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Nov 9, 2012
11/12
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and allianz says it's not feeling the impact of sandy yet. the insurer reiterates its 2012 targets. >>> priceline has agreed to buy rival kayak for $1.8 billion in cash and stock. the deal comes just months after kayak had it own initial public offering. $40 a share in cash and stock, 29% premium to thursday's closing price and 54% in kayak's listing price. >> winter storm in the u.s. has dumped over a foot of snow over parts of the northeast that were just hammered by super storm sandy. new jersey and new york have been particularly hard hit by the storm. lead to go knock-on effects in neighboring states including massachusetts, connecticut, and rhode island. and also furthering the you power outages that have plagued the area now for several weeks. >> and from today, drivers in new york city have to check their number plates before they pump gas. the mayor says based on license plates ending in odd or even numbers, drivers will be allowed to fill their tanks on alternative days. three quarters of gas stations remain closed due to super stor
and allianz says it's not feeling the impact of sandy yet. the insurer reiterates its 2012 targets. >>> priceline has agreed to buy rival kayak for $1.8 billion in cash and stock. the deal comes just months after kayak had it own initial public offering. $40 a share in cash and stock, 29% premium to thursday's closing price and 54% in kayak's listing price. >> winter storm in the u.s. has dumped over a foot of snow over parts of the northeast that were just hammered by super...
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Nov 2, 2012
11/12
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again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral support and organizational support of the government, but the red cross would lead and go down. there was a very famous flood in "forgotten man" and my new book "the biography of coolidge," the flood of the mississippi. it was terrible. the president did not go down. that was coolidge. why not? he wanted the states and the private sector and the charities to take the lead. >> i got to leave it there. we're going to finish this conversation on the radio tomorrow. that's what we're going to. we're going to have more time. that's terrific. thanks. that's it for this evening's show. thanks for watching. stay tun
again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral...
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Jan 10, 2013
01/13
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looking at earnings, too, to see what effect sandy, the debt ceiling, the fiscal cliff debates, what effect that's had on consumer behavior and lastly, we'd say we remain positive, but the markets have had a bit of a run here, we would expect a little bit of a breather. one area you could see catchup is gold and precious metals. >> all right, we've seen a hit there recently. michael, you're at the wheel. 30 seconds on the clock. >> keeping a close eye on facebook. it was obviously the post eer child for social media stocks last year. stock broke over 30 yesterday, 31 today. a lot of enthusiasm. keep a close eye on it. we're bullish on it longer term. second thing is herbalife, today was day two of the jihad between bill ackman and the company. we maintain a bullish stance. it's been a wild ride. still think it goes higher. last one is consumer stocks. kind of a mixed bag for holiday names today. we continue to have a bullish stance. >> all right. we will leave it there. gentlemen, thank you very much. we'll be watching all of those stories. hope to see you soon. check back with you s
looking at earnings, too, to see what effect sandy, the debt ceiling, the fiscal cliff debates, what effect that's had on consumer behavior and lastly, we'd say we remain positive, but the markets have had a bit of a run here, we would expect a little bit of a breather. one area you could see catchup is gold and precious metals. >> all right, we've seen a hit there recently. michael, you're at the wheel. 30 seconds on the clock. >> keeping a close eye on facebook. it was obviously...
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Nov 2, 2012
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first effects of sandy show up in the data. carl? >> thank you so much, steve. what could this mean as we head into the election? he had lazear former chairman of the president's council of economic advisers, welcome back. always good to talk to you. >> nice to be with you. thanks for having me. >> krueger says we are creating enough jobs to make up for new entrants. >> well, we are barely. soap i think alan is correct on that. the way i would think of it is this. i agree with steve, this mum is better than the numbers in the past but not a whole lot better. the average number of jobs created since the job market turned around is 140,000 a month. so now and over the past couple of months at about 170,000 so that's better. the key number is the one you just referred to, carl. you have to think about how much do you need to keep employment constant as a proportion of the population. and that number is 119,000 per month. so what this tells you even with these numbers, even at 170,000 a month, we're adding about 50,000 a month. tha
first effects of sandy show up in the data. carl? >> thank you so much, steve. what could this mean as we head into the election? he had lazear former chairman of the president's council of economic advisers, welcome back. always good to talk to you. >> nice to be with you. thanks for having me. >> krueger says we are creating enough jobs to make up for new entrants. >> well, we are barely. soap i think alan is correct on that. the way i would think of it is this. i...
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Nov 5, 2012
11/12
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we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open after the big reversal on friday. both the dow and nasdaq finished last week in the red. it's money, november 5th, 2012. and "squawk box" begins right flou.
we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open...
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Oct 30, 2012
10/12
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sandy won't quit. if you look right here, there is a new belt of showers and thunderstorms that have formed. gusty storms that are affecting that wart of the country. even the north eastern united states on the coast line is in part of the storm. right in through chicago coming in through the great lakes that is where the winds are funneling in from the north. same winds edge of the storm that moved in on the coast line. that is number two. and three of course, we have a lot of air play in through here. let's zero in on west virginia. it is not only snowing there, they have had over two feet around 30 inches of snow. if you look at the video, from west virginia and from the western pan hand handle of mary they have had not only 30 inches of snow, but another foot that is going to come in the next 24 hours. even though the really big punch from sandy is over, there are still more problems to come. when we get to tomorrow night we will finally be able to breathe a sigh of relief. >> todd unbelievable. ou
sandy won't quit. if you look right here, there is a new belt of showers and thunderstorms that have formed. gusty storms that are affecting that wart of the country. even the north eastern united states on the coast line is in part of the storm. right in through chicago coming in through the great lakes that is where the winds are funneling in from the north. same winds edge of the storm that moved in on the coast line. that is number two. and three of course, we have a lot of air play in...
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Jul 25, 2012
07/12
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sandy weill. thank you for being here. >> thank you. good to be here. >> there are so many people who want to get your view on europe and libor. i want to get your view on what's happened over the last seven years. you've been known as a visionary and i can just wonder in retrospect, very few people saw the financial crisis coming. in looking back, do you think the mega banks played a role in terms of too big to fail in what happened with the financial crisis or not? >> let me first start by saying that i think the two decade bfs the problem, the big banks really led the growth of the world and creating capital markets and all these countries, converting communist economies they' they've, as defined in different part of the world. so the banking system is really very, very important. i think the problem that was created was created by too much way too much leverage. very little transparency with lots of off balance sheet things that downreally count. but even of a the problem, there's no other cou
sandy weill. thank you for being here. >> thank you. good to be here. >> there are so many people who want to get your view on europe and libor. i want to get your view on what's happened over the last seven years. you've been known as a visionary and i can just wonder in retrospect, very few people saw the financial crisis coming. in looking back, do you think the mega banks played a role in terms of too big to fail in what happened with the financial crisis or not? >> let me...
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Jul 25, 2012
07/12
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sandy weill was right today. the other thing, big surprise, tim geithner going on the hill protecting the status quo of the too big to fail banks yet again. >> sheila behr, richard fisher, dallas fed head, tom hoenig, kansas city fed head at the fdic are all saying the same thing, that banks should be broken up. how do you see it? >> well, we have to start with the proposition which mr. weill was advocating to reinstate glass-steagal will recollect. the debate has gotten off track. when you talk today about reinstating glass ste e agall ar the volker rule it is prohibiting bank affiliates from underwriting, being market makers and engaging in hedging activities. all three of these activities have been termed by chairman volker himself to be beneficial to our economy and society. >> not in the commercial bank aspect. he said he doesn't care where they do it. he's not opposed to market making, dderivatives, synthetic. just don't do it in the banks because the taxpayers are behind them. that's my understanding of th
sandy weill was right today. the other thing, big surprise, tim geithner going on the hill protecting the status quo of the too big to fail banks yet again. >> sheila behr, richard fisher, dallas fed head, tom hoenig, kansas city fed head at the fdic are all saying the same thing, that banks should be broken up. how do you see it? >> well, we have to start with the proposition which mr. weill was advocating to reinstate glass-steagal will recollect. the debate has gotten off track....
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Nov 5, 2012
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most could be considered a sandy effect. the s&p 500 utilities index dropping to its lowest level since early june in the wake of superstorm sandy. >> time for talking numbers, forget obama versus romney. some say it breaks down to bonds versus stocks because the president's policies may be good for bonds and mitt romney's policies would benefit equities. on the technical side, abigail doolittle and miller bookbar. peter, you're one of the smartest guys out there. i love your research. >> i think the bond market rally has run it's course. even if obama wins, i don't see much upside. if romney wins because of the optimism that any growth in the economy that would engender, it would be negative for bonds. for me, the trade is very asymmetrical with very little upside in bonds and a lot more downside if -- either way, depending on who wins. >> even if romney wins, you think there's not a lot of upside for stocks? >> well, for stocks i think we're going to get an emotional knee-jerk bounce november, december. i think 2013 is goi
most could be considered a sandy effect. the s&p 500 utilities index dropping to its lowest level since early june in the wake of superstorm sandy. >> time for talking numbers, forget obama versus romney. some say it breaks down to bonds versus stocks because the president's policies may be good for bonds and mitt romney's policies would benefit equities. on the technical side, abigail doolittle and miller bookbar. peter, you're one of the smartest guys out there. i love your...
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Nov 2, 2012
11/12
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but with sandy we have yet to see these big checks from the wealthy. why? well, charity experts tell me that many of the wealthy are still digging out themselves. some of the most expensive neighborhoods in the country were hit by sandy and they still don't have power or water. also, it's early. wealthy donors don't want to duplicate efforts of the government, they don't want to send water to staten island if the coast guard is already there, for instance. they do want to figure out longer term needs, whether that's better evacuation systems, help for the elderly or taking a closer look as many are now at climate change. meanwhile, companies are also stepping up. jpmorgan is giving $5 million. disney's giving $2 million. fedex, toyota, viacom are all now among the biggest donors and that list is growing. one advisor told me mega checks from the wealthy will come, they always do. back to you, michelle. >> i'll take it, robert. >>> we're going to dive a little bit deeper now into the business of charities. best ways to collect and distribute money after a dis
but with sandy we have yet to see these big checks from the wealthy. why? well, charity experts tell me that many of the wealthy are still digging out themselves. some of the most expensive neighborhoods in the country were hit by sandy and they still don't have power or water. also, it's early. wealthy donors don't want to duplicate efforts of the government, they don't want to send water to staten island if the coast guard is already there, for instance. they do want to figure out longer term...
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Nov 5, 2012
11/12
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sandy's aftermath. we continue to track the latest kwomts as the east coast tries to pick up the pieces after the superstorm. we are trading the big movers with stephanie link, joe teranova and downtown josh brown. let's get to the election. the two candidates are entering the home stretch. john harwood has the latest from both camps. >> the candidates are racing through the battleground states. the organizations are working to turn out voters. the president will be appearing with bruce springsteen in ohio. jay-z in wisconsin rather. mitt romney is going to new hampshire. twice to virginia. you look at the polls and they are extremely tight. our last nbc news/wall street journal poll shows 48% for obama. 47% for mitt romney. that's as tight as you can be. well within the margin of error. either candidate can win the popular vote. you look at the battleground states and that's where president obama held an advantage. look at final three polls for nbc and the wall street journal. first of all in virginia.
sandy's aftermath. we continue to track the latest kwomts as the east coast tries to pick up the pieces after the superstorm. we are trading the big movers with stephanie link, joe teranova and downtown josh brown. let's get to the election. the two candidates are entering the home stretch. john harwood has the latest from both camps. >> the candidates are racing through the battleground states. the organizations are working to turn out voters. the president will be appearing with bruce...
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Nov 5, 2012
11/12
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we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's get a quick check on the markets, ahead, 24 hours away from the elections here dow jones looks like it would open 34 points lower, s&p 500 off a little over four points and the nasdaq would be off about ten points. let's take a trip overseas to see what's going on in asia, a little bit down marginally except for korea. let's go over to europe, see how things are faring, red arrow across the board. almost down a percent in the cac in france. >>> stifel financial is buying kbw, the deal is valued in ex-et of $575 million which i
we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's...
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Nov 1, 2012
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it was the first post-sandy opening here on wall street. it was pretty flat, even though volume picked up at the end of the day. today we're seeing money move into equities. >> how we closed yesterday didn't really matter. it was just the fact it was open for trading. it's interesting to see this gain today as we were talking with the guys last segment. the dow up 128 points. the nasdaq with a stellar gain of 1.4%. the s&p up more than 1% on this first trading day of the new month here. as we get ready for the jobs number tomorrow, we think about the jobs -- or all the of the economic data today was good. the manufacturing, the construction spending, the adp jobs number, the private sector number, has now changed their me methodology and broadly expanded the number of sampling they take, so it may be closer in correlation to what the jobs number tomorrow looks like. today's number was a gain of 158,000 jobs, which was above expectations. so who knows what that will mean for tomorrow. >> yeah, it's really interesting. why are we changing the
it was the first post-sandy opening here on wall street. it was pretty flat, even though volume picked up at the end of the day. today we're seeing money move into equities. >> how we closed yesterday didn't really matter. it was just the fact it was open for trading. it's interesting to see this gain today as we were talking with the guys last segment. the dow up 128 points. the nasdaq with a stellar gain of 1.4%. the s&p up more than 1% on this first trading day of the new month...
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Nov 5, 2012
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blame it on sandy. express groups missed that will be interesting to see how it affects walgreen tomorrow. >> the stock has been a monster. they filed a mix shelf. i don't think that's going to matter. it might trade 66 in a couple months. it's at least going to 50. >> speaking of monster, monster beverage, up 2%. scott? >> they got a love letter in the media, which pointed out they own a third of the impressive and growing energy drink market. and the last time we talked about this stock, it was because they were being sued, a really unfortunate situation. i think the market likes that we haven't seen a pile-on by other plaintiffs. >>> and finally, a pop for pigskin politics. here is a positive sign for the romney campaign, according to the redskins koul rule. if the washington redskins win their last home game before a race, the incumbent party will win the presidency. on sunday, as you know, the redskins lost to the carolina panthers at home. but if you're not a firm believer in pigskin politics, con
blame it on sandy. express groups missed that will be interesting to see how it affects walgreen tomorrow. >> the stock has been a monster. they filed a mix shelf. i don't think that's going to matter. it might trade 66 in a couple months. it's at least going to 50. >> speaking of monster, monster beverage, up 2%. scott? >> they got a love letter in the media, which pointed out they own a third of the impressive and growing energy drink market. and the last time we talked...
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Nov 5, 2012
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. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then china's congress convenes for once in a decade leadership change. that's not evening mentioning ecb. there's been some that have said this is potentially the highest concentration of risk of the entire year. >> i heard this. it's embarrassing to hear. what's happened the whole time is there are managements that have made money during this period and managements that have failed and models that have made money and models that have failed. i spent a lot of time this weekend going over the last five years of stocks. what i find is that you have
. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then...
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Nov 5, 2012
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ed to. >> it is mind boggling to think this could happen just a week after sandy. let me somehow you how this is coming about. first, a storm center exactly two days from now right there about 100 miles to the east-southeast of atlantic city. and stalling. unlike sandy, not a storm that's going to bring a storm surge all the way in on the coastline. but one that stalls offshore and really kicks up some wind and waves. let's look at some of the concerns from the storm. again, timetable, 48 hours from now is when it would begin. powerful coastal storm. what does that mean? the storm center that lurks offshore, a nor'easter we call them. we haven't seen one this strong, believe it or not. if you don't count sandy in about a couple of years, two, three years now, big winds from the storm, coastal flooding indeed a possibility again but not nearly as severe. and it stalls for 24 hours. there's even the potential for some snow involved in some locations. we have a lot to take a look at in the next 48 hours as we get closer and closer to that storm center moving up the ea
ed to. >> it is mind boggling to think this could happen just a week after sandy. let me somehow you how this is coming about. first, a storm center exactly two days from now right there about 100 miles to the east-southeast of atlantic city. and stalling. unlike sandy, not a storm that's going to bring a storm surge all the way in on the coastline. but one that stalls offshore and really kicks up some wind and waves. let's look at some of the concerns from the storm. again, timetable, 48...
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Nov 5, 2012
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early estimates put sandy among the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers later giving them cover to raise premiums. back to you. >>> sandynjrelief fund.org. mary pat christie is on the news line with us right now. welcome. good to have you with us. >> thanks, tyler. >> at some risk, i ask how are you and the christie family holding up? your husband and you have both then tireless this last week. gout to be pretty tired these days? >> we're doing pretty well. it's all relative, right, tyler? we don't have power yet but hopeful that we will soon. i'm also hopeful that our children get to go back to school tomorrow. >> we're in the sa
early estimates put sandy among the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers...
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Nov 1, 2012
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returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all the macroeconomic headwinds that we face. let's show you what's happening on on the open. lots happening in the oil and gas sector. we had numbers also out from the resources sector. but the overall tone in oil and gas is negative. there is some gray on the charts to report. retail autos tracking higher, household goods. and lloyds here in the uk has been reporting, as well. and there's been a very strong response to its numbers popping up more than 5% on the open. positive responses this morning. >> let's update you on the latest on super storm sandy. millions still without power. evacuation orders remai
returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all the macroeconomic...
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Oct 30, 2012
10/12
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parts of new jersey simply devastated by sandy. an entire town under water under a levee break overnight. jackie deangelis is in new jersey following this developing story. jackie. >> good afternoon, maria. we are here in town where everything has been shut down. we did see people earlier tonight being evacuated by emergency crews. fest by boat throughout the streets from their homes and then on to bus where is they got to higher ground. we were asking some people how they survived the evening with the damage. they told us the water started coming around 10:00 last night. between 10:00 and midnight flooding their basements and moving up slowly. they kept moving up their homes to stay dry. when the evacuation crews came this morning, it took many hours to get people out. some people put their wading boots on and starting walking themselves. it's a small community here, but it's not just this area that was damaged as a result of this. also, hackensack is dealing with this. this is the type of problem that's not going to go away overn
parts of new jersey simply devastated by sandy. an entire town under water under a levee break overnight. jackie deangelis is in new jersey following this developing story. jackie. >> good afternoon, maria. we are here in town where everything has been shut down. we did see people earlier tonight being evacuated by emergency crews. fest by boat throughout the streets from their homes and then on to bus where is they got to higher ground. we were asking some people how they survived the...
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Jan 10, 2013
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i've got the hurricane sandy and analysts didn't have their act together. i think this year we see 8%, 10% earnings growth, even with the fiscal drag which i think is blown way out of proportion. >> because s&p capital is looking for 3% growth in the fourth quarter so you're talking about the year. scott? >> no, i'm talking about 2013. >> right. >> i totally agree with those estimates. we're going to get killed fourth quarter, but it's in the past. forget it. let's move forward. >> hey, rick, i'm going ask you a loaded question but i want your expertise on it. is there a bubble in the bond market? >> no, no. prices are lofty, but to me a bubble implies a very close to popping scenario. you talk about bubbles. when you think it's about ready to burst. it's frothy, but it's photoactualphotfrothy in actually a sean way and take the discussion we're having right now. the ecb tries to talk recovery, and things because the daxx and kaks are up, everything rowsy in europe. look at the unemployment rates. once again, the same scenario in u.s. if all you use is a ba
i've got the hurricane sandy and analysts didn't have their act together. i think this year we see 8%, 10% earnings growth, even with the fiscal drag which i think is blown way out of proportion. >> because s&p capital is looking for 3% growth in the fourth quarter so you're talking about the year. scott? >> no, i'm talking about 2013. >> right. >> i totally agree with those estimates. we're going to get killed fourth quarter, but it's in the past. forget it. let's...
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Oct 29, 2012
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let's get right back to our continuing coverage of hurricane sandy. our own brian shactman joins us live in montauk, new york. brian, what's the latest out there? >> reporter: scott, i basically want to point out this area balloons to 100,000 people in the summer and goes down to 22,000 in terms of year round residents. i'm told many of them decided to stay. we hope that's an okay decision. included in that summertime population are a lot of famous people. we talked to a local official here to put it in some perspective for us. >> if you work yourself from the point all the way farther west, you'd hear names like paul simon, robert de niro, ralph lauren. every property with wind like this or sustained heavy winds could have some damage. so i fret for those properties as well as the other 22,000 of us that watch those properties on television or whatever. >> yawn winner is one name people right not know. founder of "rolling stone" magazine. it's a who's who. jerry seinfeld has a place in town. we are about two hours away from low tide. surf continues t
let's get right back to our continuing coverage of hurricane sandy. our own brian shactman joins us live in montauk, new york. brian, what's the latest out there? >> reporter: scott, i basically want to point out this area balloons to 100,000 people in the summer and goes down to 22,000 in terms of year round residents. i'm told many of them decided to stay. we hope that's an okay decision. included in that summertime population are a lot of famous people. we talked to a local official...